About

Bitcoin (BTC) is a cryptocurrency which is regarded as the world’s first decentralized digital currency. It was created by a pseudonymous person or persons named Satoshi Nakamoto in 2009 and has since gone on to become the world’s most popular cryptocurrency by market cap.

Bitcoin is a deflationary currency whose issuance is capped at a total supply of 21 million coins. Each Bitcoin can be divided into one million units, with the smallest unit of 0.00000001 known as a satoshi in homage to its creator. The distributed public ledger that Bitcoin uses to record transactions is known as a blockchain and Bitcoin can be spent at over 100,000 online merchants and can also be held as an investment.

You can trade Bitcoin for fiat and other cryptocurrencies on various crypto exchanges but can also be used to facilitate p2p transactions. Each transaction incurs a small transaction fee to cover the cost of sending Bitcoin over the blockchain ledger, with the fee going to miners tasked with keeping the network secure.